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SELECT CONSTRUCT

Active Public limited companyfounded 1993active for 33 yearsRue de Liège 5, 6180 CourcellesKBO/BCE: BE 0449.714.665 subsidiary of SELECT PRODUCT
SELECT CONSTRUCT
Financial year 2025
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Annual accounts 2025

full format, filed on 29-01-2026, 2 days before the deadline
Gross margin
€4,309
▼ 6.6%
Operating result
€4,309
▼ 6.6%
Profit
€2,725
▼ 9.2%
Working capital
€549,694
▲ 279%
Solvency
42.7%
▼ 19.9 percentage points
Current ratio
8.53
▲ 6.83

The turnover shown is an estimate from the gross margin.

Turnover ≈ €54,000. Estimated: probably between €25,000 and €100,000.

Balance sheet

balance sheet total €829,184 on 30-06-2025
What the company ownsHow it is paid for

Change in equityin euro

Change in cashin euro

Position in the sector

Compare with sector

Solvency42.7%

Higher than 61% of 1,032 companies in 2025.

Current ratio8.53

Higher than 92% of 1,012 companies in 2025.

Return on assets0.3%

Higher than 34% of 1,027 companies in 2025.

SELECT CONSTRUCT Middle half of the sector 80% of the sector Full accounts in construction of buildings (NACE 41)

Net result: middle half · Equity: middle half · Balance sheet total: middle half · Working capital: middle half

Staff

Staff cost per FTE

Staff costs divided by the average number of full-time equivalents.

Blue and white collar

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend2025202420232022202120202019201820172016201520142013201220112010200920082007
Balance sheet: assets
Total assets20/58 829,184561,056463,577569,693914,414413,237421,215448,996452,435623,074342,420339,934206,561208,503211,223646,6741.7m859,9911.1m
Formation expenses20 ---------------5501,6502,7503,850
Fixed assets21/28 206,450206,000206,000207,400208,800210,200211,860206,520206,780207,039206,000206,000206,000206,093206,187216,717306,839407,099272,637
Tangible fixed assets22/27 206,000206,000206,000207,400208,800210,200211,860206,520206,780207,039206,000206,000206,000206,093206,187216,167304,964404,214268,787
Land and buildings22 206,000206,000206,000206,000206,000206,000206,000206,000206,000206,000206,000206,000206,000206,000206,000206,000266,678346,000206,000
Furniture and vehicles24 ---1,4002,8004,2005,8605207801,039---931873,4676,5999,26562,787
Financial fixed assets28 450---------------225135-
Current assets29/58 622,734355,056257,577362,293705,614203,037209,355242,476245,656416,034136,420133,9345612,4095,036429,9571.4m452,892857,339
Stocks and contracts in progress3 325,686281,409218,873188,873188,873188,873202,616200,083187,485385,804133,685131,229---378,3141.1m360,000-
Stocks30/36 240,686196,409188,873188,873188,873188,873184,616200,083187,485134,033133,685131,229---378,314899,510--
Contracts in progress37 85,00085,00030,000---18,000--251,771------240,000360,000-
Amounts receivable within one year40/41 272,83766,55133,60175,316194,9973736,33930,9895,57026,6691541,8925142,3844,81451,15914,12689,209848,509
Trade receivables40 2,220--------25,500---------
Other amounts receivable41 270,61766,55133,60175,316194,9973736,33930,9895,5701,1691541,8925142,3844,81451,15914,12689,209848,509
Cash at bank and in hand54/58 23,6496,8864,89297,893321,51913,79140011,40452,6013,3712,581813472555460245,073-7,399
Deferred charges and accrued income490/1 562210210210224----190----167252,1883,6821,431
Balance sheet: equity and liabilities
Total equity and liabilities10/49 829,184561,056463,577569,693914,414413,237421,215448,996452,435623,074342,420339,934206,561208,503211,223646,6741.7m859,9911.1m
Equity10/15 353,822351,098348,096341,205328,511307,426314,949313,354240,345148,164-41,467-47,607-60,107-60,594-69,891165,708172,271307,781294,029
Contributions10/11 268,000268,000268,000268,000268,000268,000268,000268,000268,000268,000268,000268,000268,000268,000268,000268,000268,000268,000268,000
Capital10 268,000--268,000---------------
Issued capital100 268,000--268,000268,000268,000268,000268,000268,000268,000268,000268,000268,000268,000268,000268,000268,000268,000268,000
Reserves13 17,90017,90017,90017,90014,20011,80011,80011,7008,0008,0008,0008,0008,0008,0008,0008,0008,0008,0006,030
Non-distributable reserves130/1 17,90017,90017,90017,90014,200--------------
Legal reserve130 17,900--17,90014,20011,80011,80011,7008,0008,0008,0008,0008,0008,0008,0008,0008,0008,0006,030
Reserves not available under the articles1311 -17,90017,900----------------
Profit (loss) carried forward14 67,92265,19862,19655,30546,31127,62635,14933,654-35,655-127,836-317,467-323,607-336,107-336,594-345,891-110,292-103,72931,78119,999
Amounts payable17/49 475,361209,958115,481228,487585,902105,811106,265135,642212,090474,910383,887387,541266,668269,097281,114480,9661.5m552,210835,947
Amounts payable after more than one year17 402,322---------------25,39446,00447,242
Financial debts170/4 ----------------25,39446,00447,242
Other amounts payable178/9 402,322------------------
Amounts payable within one year42/48 73,039209,958115,48188,487130,881105,811103,330135,642212,090177,580381,260383,495266,668269,097281,114476,6411.5m469,873463,705
Current portion of amounts payable after more than one year42 ---------------13,48019,26019,40513,731
Financial debts43 ----------------683,000382,249-
Credit institutions430/8 -----------------132,249-
Other loans439 ----------------683,000250,000-
Trade debts44 29,55666,04115,72383,88770,512-1,01325,31436,3051,210-1,210--727,94112,65157,064273,175
Suppliers440/4 29,55666,04115,72383,88770,512-1,01325,31436,3051,210-1,210--727,94112,65157,064273,175
Taxes, remuneration and social security45 1,0081,1402,5004,6005,000-704,395--94------11,155-
Taxes450/3 1,0081,1402,5004,6005,000-701,750--94------5,000-
Remuneration and social security454/9 -------2,645---------6,155-
Other amounts payable47/48 42,476142,77797,257-55,369105,811102,247105,933175,786176,370381,165382,285266,668269,097281,042455,220792,986-176,800
Accrued charges and deferred income492/3 ---140,000455,021-2,935--297,3302,6274,046---4,3252,17336,333325,000
Income statement
Non-recurring operating income76A -------4,750-----8,8072,01096,82344,95650-
Gross operating margin9900 4,3094,61211,31119,52026,022-5,46237,44481,32492,690190,0096,26112,5971,227661-224,887-53,151-70,224161,468186,312
Remuneration, social security and pensions62 ------33,78410,035--------26,28194,16096,450
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 --1,4001,4001,4001,6601,660260260260--939310,53017,63321,49524,73532,059
Other operating charges640/8 ------------5611001,6348,6021,500123-
Non-recurring operating charges66A ---------------17,083---
Operating profit (loss)9901 4,3094,6129,91118,12024,622-7,1222,00071,02992,430189,7496,26112,597572468-237,051-79,385-119,50042,45157,803
Financial income75/76B --4001,907--4,762-----34112,6732027822,471
Recurring financial income75 --4001--12-----34112,6732027822,471
Non-recurring financial income76B ----1,906--4,750-----------
Financial charges65/66B 6094635578704443953601,0312491181209785135719,58861,24117,3502,524
Recurring financial charges65 6094635578704443953601,0312491181209785135719,58861,24117,3502,524
Profit (loss) for the period before taxes9903 3,7004,1499,39417,24926,085-7,5171,64074,75992,181189,6316,14012,5004879,297-235,601-6,560-135,58325,93357,751
Income taxes67/77 9761,1472,5034,5555,0006451,750-------24-7412,18118
Profit (loss) for the period9904 2,7253,0026,89012,69421,085-7,5231,59573,00992,181189,6316,14012,5004879,297-235,599-6,564-135,51013,75257,733
Profit (loss) for the period to be appropriated9905 2,7253,0026,89012,69421,085-7,5231,59573,00992,181189,6316,14012,5004879,297-235,599-6,564-135,51013,75257,733
Appropriation of the result
Profit (loss) to be appropriated9906 67,92265,19862,19659,00548,71127,62635,24937,354-35,655-127,836-317,467-323,607-336,107-336,594-345,891-110,292-103,72933,75125,999
Profit (loss) brought forward from the previous period14P 65,19862,19655,30546,311---------------
Transfer to equity691/2 ---3,7002,400-1003,700---------1,9706,000
To the legal reserve6920 ---3,7002,400-1003,700---------1,9706,000
Social balance sheet
Average staff (FTE)9087 ------11--------333
Hours worked1013 ------1,200360--------1,1464,1054,202
Document PDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDF

The accounts for 13 older financial years (1993-2005) were filed as documents without figures as data, scans for example.

The notes to these accounts have 5 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).

Source: Annual accounts 2025 (PDF), filed on 29-01-2026.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank
Financial year Type Filed Reference Document
30-06-2025 full format 29-01-2026 2026-00018664 PDF
30-06-2024 micro format 01-08-2024 2024-00324335 PDF
30-06-2023 micro format 28-07-2023 2023-00286371 PDF
30-06-2022 micro format 13-08-2022 2022-20286672 PDF
30-06-2021 micro format 12-08-2021 2021-48000236 PDF
30-06-2020 micro format 07-08-2020 2020-39800246 PDF
30-06-2019 micro format 05-08-2019 2019-43900261 PDF
30-06-2018 full format 26-07-2018 2018-38100507 PDF
30-06-2017 full format 08-08-2017 2017-41900205 PDF
30-06-2016 full format 09-08-2016 2016-41400206 PDF
30-06-2015 full format 13-08-2015 2015-42100265 PDF
30-06-2014 full format 12-08-2014 2014-41600341 PDF
30-06-2013 full format 19-08-2013 2013-43500196 PDF
30-06-2012 full format 06-08-2012 2012-38800349 PDF
30-06-2011 full format 27-07-2011 2011-34200162 PDF
30-06-2010 full format 09-08-2010 2010-39400253 PDF
30-06-2009 full format 10-08-2009 2009-55500097 PDF
30-06-2008 full format 12-08-2008 2008-56000307 PDF
30-06-2007 full format 30-07-2007 2007-49700297 PDF
31-12-2005 full format 09-06-2006 2006-22101340 PDF
31-12-2004 full format 24-06-2005 2005-32703796 PDF
31-12-2003 full format 15-06-2004 2004-24702232 PDF
31-12-2002 full format 18-06-2003 2003-25603185 PDF
31-12-2001 full format 01-10-2002 2002-60802207 PDF
31-12-2000 full format 15-06-2001 2001-22002501 PDF
31-12-1999 full format 16-06-2000 2000-23102639 PDF
31-12-1998 full format 24-09-1999 1999-48603609 PDF
31-12-1997 full format 18-12-1998 1998-62205052 PDF
31-12-1996 full format 12-11-1997 1997-52503296 PDF
31-12-1995 full format 26-09-1996 1996-45601800 PDF
31-12-1994 full format 26-09-1996 1996-45601811 PDF
31-12-1993 full format 26-09-1994 1994-41101575 PDF

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend2025202420232022202120202019201820172016201520142013201220112010200920082007
EBITDA --11,31119,52026,022-5,4623,66071,28892,690190,009--665561-226,521-61,752-98,00567,18689,862
Cash flow --8,29014,09422,485-5,8633,25573,26992,441189,891--5819,390-225,06911,069-114,01538,48789,792
Investment in fixed assets (approximation) 450-00007,000001,299--000-72,490557159,44793,196
Change in cash 16,7631,994-93,001-223,626307,72813,391-11,004-41,19649,2307901,76976522-30-405-244,613---
Working capital 549,694145,098142,096273,805574,73397,226106,024106,83533,565238,455-244,840-249,561-266,107-266,688-276,078-46,684-107,001-16,981393,634
Solvency 42.7%62.6%75.1%59.9%35.9%74.4%74.8%69.8%53.1%23.8%-12.1%-14.0%-29.1%-29.1%-33.1%25.6%10.1%35.8%26.0%
Current ratio 8.531.692.234.095.391.922.031.791.162.340.360.350.000.010.020.900.930.961.85
Quick ratio 4.070.350.341.963.950.130.070.310.270.170.010.010.000.010.020.110.170.201.85
Debt to equity 1.340.600.330.671.780.340.340.430.883.21-----2.908.911.792.84
ROE 0.8%0.9%2.0%3.7%6.4%-2.4%0.5%23.3%38.4%128.0%------4.0%-78.7%4.5%19.6%
ROA 0.3%0.5%1.5%2.2%2.3%-1.8%0.4%16.3%20.4%30.4%1.8%3.7%0.2%4.5%-111.5%-1.0%-7.9%1.6%5.1%
Interest coverage --20.3122.43---------------

EBIT margin: not included in this filing.

A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.

Investments

fixed assets acquired
Item30-06-202530-06-202430-06-202330-06-2022
Financial fixed assets€450---
Depreciation and write-downs of the year--€1,400€1,400

Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)

Insights on SELECT CONSTRUCT

The operating result for 2025 is 7% lower than in 2024 and the lowest since 2020. It is the fourth fall in a row.

Debt's share of the balance-sheet total rises from 37.4% to 57.3%. Equity and debt are higher.

Next steps

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